Dai ichi Life Insurance Company Ltd Buys Shares of 4,131 PulteGroup, Inc. (NYSE:PHM)

Dai ichi Life Insurance Company Ltd purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,131 shares of the construction company's stock, valued at approximately $593,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHM. Greenhaven Associates Inc. lifted its position in shares of PulteGroup by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company's stock worth $802,789,000 after buying an additional 16,871 shares during the period. Pacer Advisors Inc. raised its stake in PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company's stock worth $326,864,000 after acquiring an additional 235,826 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of PulteGroup by 19.6% during the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock valued at $168,254,000 after acquiring an additional 250,937 shares during the period. Victory Capital Management Inc. boosted its stake in shares of PulteGroup by 6.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,025,276 shares of the construction company's stock valued at $147,158,000 after purchasing an additional 60,854 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of PulteGroup by 35.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 861,487 shares of the construction company's stock worth $123,649,000 after purchasing an additional 223,841 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PHM shares. Bank of America lifted their price target on shares of PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, September 19th. BTIG Research raised their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wolfe Research downgraded PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Wedbush restated a "neutral" rating and set a $115.00 price target on shares of PulteGroup in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and an average target price of $145.00.

PulteGroup Trading Down 0.9 %

Shares of NYSE PHM traded down $1.26 during mid-day trading on Friday, hitting $135.27. The company's stock had a trading volume of 1,072,654 shares, compared to its average volume of 1,826,173. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $27.74 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. The company's fifty day simple moving average is $136.34 and its 200-day simple moving average is $126.32. PulteGroup, Inc. has a one year low of $86.59 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.90 EPS. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.65%. PulteGroup's dividend payout ratio is presently 5.90%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.